{"id":117942,"date":"2023-09-01T22:57:12","date_gmt":"2023-09-01T22:57:12","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=117942"},"modified":"2023-09-01T22:57:13","modified_gmt":"2023-09-01T22:57:13","slug":"real-estate-brokerage-sae-champions-school-of-real-estate-questions-and-answers-2023","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/09\/01\/real-estate-brokerage-sae-champions-school-of-real-estate-questions-and-answers-2023\/","title":{"rendered":"Real Estate Brokerage SAE -Champion&#8217;s School of Real Estate Questions And Answers 2023"},"content":{"rendered":"\n<p>Search Engine Optimization (SEO) &#8211; Correct Answer-The process of maximizing the<br>number of visitors to a particular website by ensuring the website appears high on the<br>list of results returned by a search engine.<br>Fcebook Live &#8211; Correct Answer-Video streaming through facebook.<br>CoStar Database &#8211; Correct Answer-Functions much like a residential MLS, connecting<br>commercial agents with brokerages, owners, lenders, property managers, appraisers,<br>and investors.<br>Virtual Reality (VR) &#8211; Correct Answer-A computer-generated image or environment that<br>can be interacted with by using special electronic equipment<br>Augmented Reality (AR) &#8211; Correct Answer-Provides a modified view of reality for the<br>user<br>Artificial Intelligence (AI) &#8211; Correct Answer-A way of describing intelligence exhibited by<br>machines<br>Google Analytics &#8211; Correct Answer-A powerful analytic software<br>MLS Systems &#8211; Correct Answer-The gold standard in data collection, processing, and<br>dissemination in the real estate industry for years.<br>Millennial Generation &#8211; Correct Answer-People reaching young adulthood in the early<br>part of the 21st century<br>What does a consumer want from their brokerage? &#8211; Correct Answer&#8211; hyper\u0002personalization<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>high online ratings<\/li>\n\n\n\n<li>high level customer service<\/li>\n\n\n\n<li>marketing that creates interest<\/li>\n\n\n\n<li>give back to community<\/li>\n\n\n\n<li>deeper relationship with agent<br>Mission Statement &#8211; Correct Answer-Announces to the world what the company&#8217;s long\u0002term goals are, describing the overall purpose of the organization.<\/li>\n<\/ul>\n\n\n\n<p>Value Statement &#8211; Correct Answer-Define how a company&#8217;s work will be accomplished,<br>articulating a set of beliefs and principles that guide the way the company conducts<br>business.<br>Action Plan &#8211; Correct Answer-Outlines the steps, approaches and resources that will be<br>used to fulfill the objectives of the company.<br>Operational Planning &#8211; Correct Answer-The aspect of planning that encompasses the<br>day-to-day operations of a company.<br>Due diligence &#8211; Correct Answer-Analyzing, exploring, investigating and evaluating a<br>business to learn about the business, in order to position themselves to make an<br>educated decision about whether to buy or not buy a business.<br>DBA &#8211; Correct Answer-Doing Business As An assumed name or a trade name used<br>instead of the legal name of a business entity.<br>FBN &#8211; Correct Answer-Fictitious Business Name An assumed name or a trade name<br>used instead of the legal name of a business entity.<br>Assumed name &#8211; Correct Answer-A trade name used instead of the legal name of a<br>business entity.<br>Trade name &#8211; Correct Answer-An assumed name used instead of the legal name of a<br>business entity.<br>Sole Proprietorship &#8211; Correct Answer-A venture owned by one individual.<br>Partnership &#8211; Correct Answer-A type of business entity that has partners<br>General partner &#8211; Correct Answer-Responsible for the day to day operations of the<br>business and has full liability<br>limited partnership &#8211; Correct Answer-A type of partnership created in Texas by filing a<br>certificate of limited partnership with the Texas Secretary of State<br>Limited partner &#8211; Correct Answer-A business partner whose liability is limited to the<br>amount invested in the partnership, having no involvement in the day-to-day operations<br>of the business.<br>limited liability partnership &#8211; Correct Answer-Formed by filling a statement with the<br>Texas Secretary of State. a partner is not individually liable for the debts and obligations<br>of the partnership, nor is the partner liable for tortious acts committed by other partners.<\/p>\n\n\n\n<p>joint venture &#8211; Correct Answer-A group of individuals joining together for a single<br>business venture, combining their funds and talents to carry out one project. When the<br>project or venture is complete, they will dissolve as a group.<br>syndicate &#8211; Correct Answer-Two or more parties join together to create and operate a<br>real estate investment<br>corporation &#8211; Correct Answer-estate investment<br>Corporation<br>Corporations in Texas are created by filing with the office of the Secretary of State. The<br>corporate entity is comprised of three components:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shareholders (stockholders) who are the owners of the corporation<\/li>\n\n\n\n<li>A Board of Directors elected by the shareholders who represent the interests of the<br>shareholders<\/li>\n\n\n\n<li>Corporate Officers who are responsible for the overall management of the operation of<br>the business<br>shareholders &#8211; Correct Answer-The owners of the corporation.<br>board of directors &#8211; Correct Answer-Elected by the shareholders who represent the<br>interests of the shareholders<br>corporate officers &#8211; Correct Answer-Corporate officers are responsible for the overall<br>management of the operation of the business.<br>limited liability company &#8211; Correct Answer-Formed by filing articles of organization with<br>the Texas Secretary of State and is governed by the Texas Limited Liability Company<br>Act. The limited liability company offers limited liability protection.<br>franchise &#8211; Correct Answer-An authorization given by a company to an individual<br>enabling the individual to carry out specific commercial activities as an agent for the<br>company&#8217;s products.<br>T or F: A limited partner is involved in the day-to-day of the business &#8211; Correct Answer\u0002False<br>A partnership may be created by: &#8211; Correct Answer-filing documents with the Secretary<br>of State<br>The three main categories that sould be addressed during the planning phases are:<br>operational planning, <strong><em>_<\/em><\/strong>, and time planning. &#8211; Correct Answer-budget<br>How much cash reserves do industry experts recommend new brokerages have<br>available for operating expenses? &#8211; Correct Answer-6 months to 2 years<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Search Engine Optimization (SEO) &#8211; Correct Answer-The process of maximizing thenumber of visitors to a particular website by ensuring the website appears high on thelist of results returned by a search engine.Fcebook Live &#8211; Correct Answer-Video streaming through facebook.CoStar Database &#8211; Correct Answer-Functions much like a residential MLS, connectingcommercial agents with brokerages, owners, lenders, property [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-117942","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/117942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=117942"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/117942\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=117942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=117942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=117942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}